Q1 2015 Production Numbers Are Out - GoMarcellusShale.com2024-03-29T07:52:46Zhttps://gomarcellusshale.com/forum/topics/q1-2015-numbers-are-out?feed=yes&xn_auth=noSo what is considered a profi…tag:gomarcellusshale.com,2015-06-02:2274639:Comment:6784252015-06-02T22:43:41.425ZRobin Hoodhttps://gomarcellusshale.com/profile/RobinRoberts
<p>So what is considered a profitable well? What is the cut off, for gas, for oil?</p>
<p>So what is considered a profitable well? What is the cut off, for gas, for oil?</p> Rice energy wells leading the…tag:gomarcellusshale.com,2015-06-02:2274639:Comment:6778962015-06-02T01:07:26.965ZBill Barnabyhttps://gomarcellusshale.com/profile/BillBarnaby
<p>Rice energy wells leading the pack for natural gas, very nice. Naturally this can mean anything....the biggest well in the state could be shut in and produced nothing that quarter :p</p>
<p>Rice energy wells leading the pack for natural gas, very nice. Naturally this can mean anything....the biggest well in the state could be shut in and produced nothing that quarter :p</p> TM,
It's too bad the OD…tag:gomarcellusshale.com,2015-06-01:2274639:Comment:6776932015-06-01T22:09:30.746Z0ym9x5ag7ury2https://gomarcellusshale.com/xn/detail/u_0ym9x5ag7ury2
<p>TM,</p>
<p> It's too bad the ODNR can't find a methodology for tracking NGLs like WV has done.</p>
<p>Ohioans will know they have been shorted when their royalty statement shows a negative value for NGLs removed from their wells.</p>
<p>It's easy math even without the Revenue Dept Spreadsheet Chesapeake sent to me for Buck Well 1H.</p>
<p>I knew after the first royalty statement that had $8,000 worth of NGLs taken from the well while $24,000 was charged for processing a huge volume that…</p>
<p>TM,</p>
<p> It's too bad the ODNR can't find a methodology for tracking NGLs like WV has done.</p>
<p>Ohioans will know they have been shorted when their royalty statement shows a negative value for NGLs removed from their wells.</p>
<p>It's easy math even without the Revenue Dept Spreadsheet Chesapeake sent to me for Buck Well 1H.</p>
<p>I knew after the first royalty statement that had $8,000 worth of NGLs taken from the well while $24,000 was charged for processing a huge volume that didn't come from our well.</p>
<p>A take home of $0 for NGLs and a loss of $16,000 from Buck Well 1H Oil and Natural Gas produced.</p>
<p>You know, the state is OK with that. I notified the gov & atty gnl.</p>
<p>They have something going with Chesapeake that makes the landowner theft a non-issue, and it's not PAC Fund money. </p>